Pacer Trendpilot US Bond ETF (NYSEARCA:PTBD – Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 50,990 shares, an increase of 577.0% from the April 30th total of 7,532 shares. Based on an average daily trading volume, of 44,618 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the company are short sold.
Pacer Trendpilot US Bond ETF Price Performance
NYSEARCA PTBD traded down $0.02 on Thursday, reaching $19.15. The stock had a trading volume of 17,866 shares, compared to its average volume of 30,664. Pacer Trendpilot US Bond ETF has a 12-month low of $18.69 and a 12-month high of $20.00. The business’s 50-day moving average price is $19.12 and its 200 day moving average price is $19.33.
Institutional Investors Weigh In On Pacer Trendpilot US Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new stake in Pacer Trendpilot US Bond ETF in the first quarter valued at approximately $68,000. Geneos Wealth Management Inc. raised its stake in shares of Pacer Trendpilot US Bond ETF by 17.0% during the second quarter. Geneos Wealth Management Inc. now owns 6,277 shares of the company’s stock worth $124,000 after purchasing an additional 910 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Pacer Trendpilot US Bond ETF by 9.7% during the first quarter. Kestra Advisory Services LLC now owns 11,545 shares of the company’s stock worth $219,000 after purchasing an additional 1,024 shares during the last quarter. Truist Financial Corp raised its stake in shares of Pacer Trendpilot US Bond ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 12,647 shares of the company’s stock worth $245,000 after purchasing an additional 603 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Pacer Trendpilot US Bond ETF during the first quarter worth approximately $267,000.
Pacer Trendpilot US Bond ETF Company Profile
The Pacer Trendpilot US Bond ETF (PTBD) is an exchange-traded fund that is based on the Pacer Trendpilot US Bond index. The fund tracks an index that uses a momentum-driven proprietary strategy that toggles between U.S. High Yield Corporate Bonds and 7-10 Year Treasury Bonds. PTBD was launched on Oct 22, 2019 and is managed by Pacer.
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